16 Mar

Precious Metals Lower Despite A Lower Dollar

in Blog, copper, futures broker, gold, palladium, platinum, silver

 Precious Metal Futures-- The precious metals today ended to the downside but reversing from early losses with gold only finishing down $5 dollars to close at $1, 654 in ounce with silver also lower for the trading session finishing down $.16 cents at 32.56 an ounce in light trade in New York today,.

12 Mar

Gold & Silver Lower On Profit Taking

in Blog, commodity trading, copper, futures broker, gold, silver

Precious metal futures today are lower across the board with gold leading the complex down currently trading around $1,700 an ounce down $10 dollars while silver futures are 50 cents lower and currently trading at $33.70 an ounce and continuing its sideways choppiness.Most commodities are lower this morning including the energy sector which I believe is pushing the metals lower today as well.

09 Mar

Precious Metals Higher Despite A Soaring Dollar

in Blog, commodity trading, copper, futures broker, gold, palladium, platinum, silver

Precious Metal Futures-- the precious metals today rallied after early a sharp selloff in gold and silver due to a strengthening dollar, but reversed to rally sharply higher for the day with gold finishing up $13 dollars at $1,712 an ounce with silver reversing a $.70 loss in early trading only to rally up $.43 cents to finish at $34.25 an ounce in heavy trade.

08 Mar

Gold & Silver Rally Ahead Of Unemployment Report Tomorrow

in Blog, copper, gold, palladium, platinum, silver, unemployment report

The precious metals rallied today with gold leading the way higher by $14 closing around us $1,698 an ounce while silver futures also rallied finishing higher by 25 cents closing around 33.82 ounce in an active trade. Copper futures were relatively quiet today compared to silver and gold finishing higher by 200 points to close around 378.80 a pound while platinum futures for the April contract rallied $33 dollars to close at 1660 an ounce.

07 Mar

Gold & Silver Trade Higher Today

in Blog, copper, gold, palladium, platinum, silver

The precious metals today rebounded from heavy losses in the last several days with gold leading the charge higher climbing  $11 dollars for the April contract closing around $1,683 an ounce while silver rallied as well climbing $.62 cents in the May contract closing at $33.40 an ounce in heavy volume in New York today.

06 Mar

Precious Metals Plummet On China News

in Blog, copper, gold, palladium, silver

Precious metals today finished sharply lower across the board with silver down over a $0.90 cents an ounce for the May contract to close around $32.81 which is a 5 week low in heavy volume in New York while gold futures plummeted down $35 more dollars in the April contract breaking the $1700 support and currently closing at 1,687an ounce which is a 6 week low in heavy volume.

06 Mar

Gold & Silver Sharply Lower!

in Blog, copper, gold, silver

The precious metals today are plummeting on the fact that China's growth outlook is going to be slowed to 7.5%  which is the lowest in many years putting huge pressure on the stock market and the commodity markets with gold down a whopping $40 ounce trading $1,664 while silver is down sharply for the third straight day down 120 more cents at $32.60 an ounce right at support while gold has broken the $1700 support.Copper futures were sharply lower dow

05 Mar

Gold Higher; Silver Lower On Night Session

in Blog, copper, gold, silver

Precious metals this evening on the night session are trading mixed with silver sharply lower down $.45 cents trading at  $34.06 an ounce right on the lows of the night session, while gold is trading higher by three dollars in the April contract trading at 1,770  dollars an ounce with copper futures higher by 50 points.

05 Mar

Gold Futures Testing Support

in Blog, commodities, copper, gold, palladium, platinum, silver

The precious metals opened up slightly lower this morning with gold selling off more than $15 dollars last night however, now only down $3 dollars currently trading around $1706 an ounce with silver coming off the highs of last night and at one point being up $.45  cents but currently down five cents at $34.47 an ounce while platinum futures are also lower by $21 dollars and trading at $1671 an ounce while Palladium futures are slightly lower at 708.70.

02 Mar

Silver & Gold Lower On Strong Dollar

in Blog, copper, gold, platinum, silver

Gold futures were lower today blamed on a rising dollar for the 2nd day in a row finishing lower by $10 dollars to close around 1,713 an ounce with major support from 1697-1705 with traders keeping an eye on those levels to see if gold holds support while silver futures were sharply lower finishing down by 90 cents to close around 34.75 an ounce in a wild trading week in gold and silver.

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